The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1887-01-05
ZION. Tabius Miles Again.

EDITOR TRUE NORTHERNER:-
The great importance of filling that sena-
torial chair, so soon 20 be made vacant by
the retirement of Judge Conger, leads me to
ask your further indulgence. The coming
man should he the true representative of the
business and producing interests of the
country, without regard 10 the amount of
wealth he may or may not possess. What
the country needs now is a renewal of bust
ness prosperity, which few acts OF legisa-
ton at our National capital might do much
to accomplish.
Secretary Manning, III his report, discusses
the silver question and shows conclusivey
that cheap silver in London makes cheap
wheat throughout the world and, in fact
goes very far IN the direction OF depressing
the price OF ali the staple commodities that
enter into the commerce of all nations. The
demonetization OF silver by the principal
commercial nations of Europe has produced
this result while, at the same time, through
cut Asia, silver is almost the only money
metal. and there it floats at its full money
value, thereby enabling the English merchant
10 purchase silver in London from twenty-five
70 thirty five per cent below the gold stand
ard OF value, and to purchase wheat in India
with this silver at a full money value and re-
turn to England with ais cargo OF wheat toy
the cheap SueZ route and sell for gold ex-
change at price below what he paid in
India aud still clear a large profit and buy
silver again with the gold he received for his
wheat and repeat the same thing over and
over again, and thereby double ms money as
often as once IN two years and, with good
luck. even III less time. In this way, the
bread stuff for the British nation is furnished
entirely below the price at which English or
Irish farmers can possibly rBlse the wheat.
This Indian wheat IS produced by labor at
from six to eight cents per day, and the
laborers tent out upon the fields and board
themselves Enough wheat IS produced in
this way, when handled through the medium
OF cheap silver, to dictate prices 10 the whole
western world including all the principal
marts of Europe and America.
Now for the remedy. Secretary Manning
very properly thinks that full and complete
reconciliation of silver, attended with free
coinage by all the leading nations of Europe
and America, upon fixed ratio of value with
gold, agreed upon, would properly settle the
silver question and restore business prosperi-
ty. England, he says, should take tho initia
tive step in this matter and, in the mean
time, while she ia getting ready to make the
proposition, 1t Is our imperative duty To stop
coming silver and retire all the greenbacks.
Wonderful advice this, from the head of the
most important part of the government. He
admits thGt this course would still further
depress business and reduce prices, which
are already so low that neither Europe nor
A ,ls.,t IL. n.
Let every honest, thinking man in the
land look at this thing for a moment. and see
if he can make himself believe that Secretary
Manning is honest and sincere in giving this
advice. He pretends to think that this
course would injure England more than any
other people and force the nation into the
measure of proposing free coinage of silver.
There is not man in this nation welded to
q single gold standard but what would give
the same advice. II the secretary ia honestly
in favor of free coinage, why don't he advise
this Nation TO take the initiative step and
establish free coinage at once and do away
with the necessity of sending our silver bull
lion to the London market TO be sold for Just
what they will give, and in that way contin-
ne 10 depress the price of silver and, as n
consequence, the price of all the staple COM
modities of the world2 Our silver mines
produce a majority of all the silver produced
in the world; according to some statisticisns,
we produce four-ffths of the whole. Now
let this supply of silver be absorbed at home
by free coinage, and the price of silver in
Europe must go mp ut once and the importa-
ton of wheat from India, as Consequence,
must cease, thereby giving American wheat
a market in Europe.
This silver question is one of the several
important matters to be mooted in the next
congress. Give Us the man for senator who
can comprehend the whole of these weigh,y
matters at glance, and who has the heart
TO do right and the back bone to act up TO his
honest convictions. / must still recommend
Hon. A. II. Morrison To be that man, and
am quite sure Michigan would never have
cause TO regret his election.
Yours, with the best wishes for our Nations
Advancement and prosperity.
PABrrs MILES